SOI tax stats - Partnership statistics

A partnership is a business arrangement where two or more individuals or entities come together to conduct trade or business. Each partner contributes resources such as money, property, labor, or expertise, and in return, they share in the profits and losses of the business—regardless of whether a formal partnership agreement exists.

On this page, you'll find detailed data tables and SOI Bulletin articles related to partnership data filed on Form 1065, U.S. Return of Partnership Income PDF. For definitions of key terms, an overview of data sources, and an explanation of data limitations, please visit the Partnership Study Metadata page.

Highlights of the Data

• Partnerships filed over 4.5 million returns for Tax Year (TY) 2022, a 0.7% increase over the number filed for 2021. These returns represented more than 28.8 million partners, a 6.0% decrease from the previous year.
• Limited liability companies (LLCs) made up most partnerships (72.7%), surpassing all other entity types for more than two decades.
• Limited partnerships represented only 9.6% of all partnerships but reported 35.4% of all pass-through income and almost half of the total partners (49.0%).
• Real estate and rental and leasing accounted for approximately half (50.7%) of all partnerships and about one third (33.9%) of all partners. The Finance and insurance sector reported the largest shares of total income (loss) minus total deductions or passthrough income (loss) (54.2%), total assets (58.8%), and total receipts (24.0%) for 2022.
• Total assets increased 3.3% between 2021 and 2022, from $50.8 trillion to $52.5 trillion.
• Receipts totaled $12.5 trillion for 2022, up 3.3% from the amount reported for 2021. Pass-through income (loss) decreased 34.3% to $2.6 trillion for 2022 (down from $3.9 trillion for 2021).
• Partners classified as partnerships received the largest share of income (loss) allocated to partners, $1.0 trillion.

Partnership Returns OneSheet PDF